Russ Roberts

John and Jean De Nault Research Fellow
Biography: 

Russ Roberts is the John and Jean De Nault Research Fellow at the Hoover Institution. 

He founded the award-winning weekly podcast EconTalk in 2006. Past guests include Milton Friedman, Martha Nussbaum, Thomas Piketty, Christopher Hitchens, Bill James, Nassim Taleb, Michael Lewis, and Mariana Mazzucato. All 675+ episodes remain available free of charge at EconTalk.org and reach an audience of over 100,000 listeners around the world.

His two rap videos on the ideas of John Maynard Keynes and Friedrich Hayek, created with filmmaker John Papola, have had more than 10 million YouTube views, have been subtitled in 11 languages, and are used in high school and college classrooms around the world. His poem and animated video “It’s a Wonderful Loaf” (wonderfulloaf.org) is an ode to emergent order. His series on the challenge of using data to establish truth, The Numbers Game, can be found at PolicyEd.org. 

His latest book is Gambling with Other People's Money: How Perverse Incentives Caused the Financial Crisis (Hoover Institution Press, 2019). His book How Adam Smith Can Change Your Life: An Unexpected Guide to Human Nature and Happiness takes the lessons from Adam Smith's little-known masterpiece The Theory of Moral Sentiments and applies them to modern life.

Roberts is the author of three novels teaching lessons and ideas through fiction—The Price of Everything: A Parable of Possibility and ProsperityThe Invisible Heart: An Economic Romance,and The Choice: A Fable of Free Trade and Protectionism, which was named one of the top ten books of 1994 by Business Week and one of the best books of the year by the Financial Times

Roberts has taught at George Mason University, Washington University in St. Louis (where he was the founding director of what is now the Center for Experiential Learning), the University of Rochester, Stanford University, and the University of California–Los Angeles. He holds a PhD in economics from the University of Chicago and received his undergraduate degree in economics from the University of North Carolina at Chapel Hill.

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Recent Commentary

Analysis and Commentary

Divorce

by Russ Robertsvia Cafe Hayek
Tuesday, May 4, 2010

But there is one change that took place in the 1970s that I think is under-appreciated by economists. Divorce rates went up virtually everywhere in the 1970s. People also delayed getting married...

Analysis and Commentary

Stopping the social security ponzi scheme

by Russ Robertsvia Cafe Hayek
Tuesday, May 4, 2010

[Social security is] mainly a Ponzi scheme, an agreement to tax each generation to pay for the last one, a scheme that works pretty well until the baby boomers come along...

Interviews

Taleb on Black Swans, Fragility, and Mistakes

by Russ Robertsvia EconTalk
Monday, May 3, 2010

Nassim Taleb, author of The Black Swan and Fooled by Randomness, talks with EconTalk host Russ Roberts about his latest thoughts on robustness, fragility, debt, insurance, uncertainty, exercise, moral hazard, knowledge, and the challenges of fame and fortune...

In the News

Gambling with Other People's Money

by Russ Robertsvia Mercatus Center
Wednesday, April 28, 2010

How Perverted Incentives Caused the Financial Crisis...

Analysis and Commentary

Who paid John Paulson?

by Russ Robertsvia Cafe Hayek
Tuesday, April 27, 2010

John Paulson expected housing prices to go down. The ABACUS vehicle at the heart of the transaction allowed him to profit when they did go down. Who was on the other side of the transaction...

Interviews

Romer on Charter Cities

by Russ Robertsvia EconTalk
Monday, April 26, 2010

Paul Romer of Stanford of Stanford University talks with EconTalk host Russ Roberts about charter cities, Romer's idea for helping the poorest of the poor around the world...

Analysis and Commentary

Reading and writing

by Russ Robertsvia Cafe Hayek
Friday, April 23, 2010

The Kindle (and I love mine and use it often) is a bit like a movie that is a film of a play. It can be good but to our modern eye it looks weird and fake...

Analysis and Commentary

Who is the parent to the parent?

by Russ Robertsvia Cafe Hayek
Thursday, April 22, 2010

[I]t’s a bit weird to hear Obama complain about irresponsible industries. His policies and those of his predecessors enabled that irresponsibility...

Get rid of hapless regulations and political hubris, and the economy could sort itself out. By Russell Roberts.

How Little We Know

by Russ Robertsvia Hoover Digest
Wednesday, April 21, 2010

Get rid of hapless regulations and political hubris, and the economy could sort itself out. By Russell Roberts.

Interviews

Munger on Love, Money, Profits, and Non-profits

by Russ Robertsvia EconTalk
Monday, April 19, 2010

Mike Munger of Duke University talks with EconTalk host Russ Roberts about the world of profit, money, love, gifts, and incentives.

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